Best Areas to Live in Southlake
Southlake's neighborhoods vary less in absolute affordability than in Dallas or Fort Worth -- there's no true entry-level tier here -- but real character and price differences exist among its established areas, from Southlake Town Square's walkable mixed-use core to newer, park-oriented developments like Carillon and the city's most exclusive gated estate enclaves. The list below covers genuinely distinct, well-documented parts of the city; it is not exhaustive.
Exploring the idea of moving?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreSouthlake Town Square: The Walkable Mixed-Use Core
Southlake Town Square, a 133-acre open-air mixed-use development with over 600,000 square feet of retail within 1.4 million total square feet, opened its first phase in 1999 (with retail reaching 100% occupancy within a year) and added a second phase in 2006, per malls.fandom.com and Wikipedia sourcing reviewed August 2026. Today it's anchored by upscale tenants including Apple, Lululemon, Anthropologie, Nike, Sephora, Trader Joe's, and Coach, plus 27 restaurants and a Harkins movie theater, and is owned and managed by Kite Realty Group. It's the defining, genuinely walkable center of Southlake -- unusual for a suburb this affluent and otherwise car-oriented -- and residential units within or near the Square put buyers in immediate walking distance of that retail and dining density.
Carillon: Newer, Denser, and Deliberately Walkable
Carillon is a 285-acre, mixed-use development with 404 single-family homesites at completion, featuring European-influenced and transitional-modern custom homes on tighter lots by Southlake standards, organized around 68 acres of parks, lakes, trails, and a central plaza rather than a golf course, per Realty Texas and neighborhoods.com coverage reviewed August 2026. It includes resort-style amenities (a spa and fitness center) and represents a genuinely different design philosophy from Southlake's more traditional, larger-lot subdivisions.
Shady Oaks and Coventry Manor: The Top of the Southlake Market
Shady Oaks and Coventry Manor are gated estate enclaves commonly described as the top of the Southlake market, prioritizing privacy on larger, more secluded lots, per DFW Urban Realty coverage of Southlake's luxury neighborhoods reviewed August 2026. These represent Southlake's highest price tier within an already expensive citywide market -- see the housing-market topic page for the broader citywide price context these neighborhoods sit well above.
The Rest of Southlake: Established, Larger-Lot Subdivisions
Beyond these named areas, most of Southlake consists of established, larger-lot single-family subdivisions built up over the decades since the city's rapid 1990s-2000s growth -- consistent with the city's overall identity as a master-planned, low-density, high-income suburb rather than a place with a genuinely low-cost entry tier. Anyone comparing neighborhoods for a specific budget should work directly with a local agent given how tightly clustered Southlake's overall price range runs relative to the wider DFW metro.
Key takeaways
- Southlake Town Square (opened 1999, expanded 2006; 600,000+ sq ft of retail, 27 restaurants, anchor tenants like Apple, Sephora, Trader Joe's) is the city's genuinely walkable, defining mixed-use core.
- Carillon (285 acres, 404 homesites) offers a newer, park-and-plaza-oriented, deliberately walkable design distinct from Southlake's more traditional subdivisions.
- Shady Oaks and Coventry Manor are gated estate enclaves commonly cited as the top of the Southlake market -- the city's highest price tier within an already expensive citywide range.
- Southlake has no true low-cost entry tier the way Dallas or Fort Worth do -- most of the city consists of established, larger-lot subdivisions at a broadly similar high price point.
Want to know what your budget actually buys here?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Southlake overview for the complete picture -- housing, taxes, climate, and who this place genuinely fits.
Planning a move?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert